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531 2ND STREET - Attention Builders/Developers! Versatile 0.25 Acre Development property, in the heart of the University District of Nanaimo. The property is an assembly of 3 separately titled lots: one 500 meter squared residential (Rlb) building lot fronting 2 streets - which could potentially be rezoned duplex; and 2 commercial (CC1) lots totaling 500 meters squared where the Fairview Convenience Store currently sits. The CC 1 zoning provides for small scale and community services within neighbourhoods & allows mixed commercial/residential up to 3 levels. If the store was demo'd, you could build commercial at street level and 1 or more residential units up - ideal income property or live & work situation. The CCl zoning also allows for one single family dwelling/lot subject to floor area ratio and lot coverage constraints. So, you could potentially get 4 or more doors on this property at a time when huge premiums are being paid for residential building lots. Possession: "As is, where is".

Property Details

  • ID: 421371
  • Storeys: 0
  • Style: Farm
  • New Construction: No
  • Status: Active

Features

Major Type Commercial
Property Type Land Only
Title Freehold
Listed By Coldwell Banker Slegg Realty (Nan)